Beacon Financial Group Cuts Position in RTX Corporation $RTX

Beacon Financial Group trimmed its position in RTX Corporation (NYSE:RTX) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,111 shares of the company’s stock after selling 621 shares during the quarter. Beacon Financial Group’s holdings in RTX were worth $1,330,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RTX. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX during the 1st quarter valued at about $26,000. 10Elms LLP purchased a new stake in shares of RTX during the 4th quarter valued at about $29,000. Summit Securities Group LLC purchased a new stake in shares of RTX during the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX during the 1st quarter valued at about $44,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of RTX during the 4th quarter valued at about $43,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Cowen reiterated a “buy” rating on shares of RTX in a report on Friday, May 23rd. The Goldman Sachs Group raised their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Sanford C. Bernstein raised their target price on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Barclays raised their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Buying and Selling at RTX

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last 90 days. 0.15% of the stock is owned by insiders.

RTX Trading Up 0.1%

Shares of RTX stock opened at $158.60 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market cap of $212.29 billion, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. The business has a fifty day simple moving average of $155.16 and a 200-day simple moving average of $141.04. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.26.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the business posted $1.41 earnings per share. RTX’s revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. RTX’s dividend payout ratio is currently 59.78%.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.